Core Viewpoint - The company, Huichuan Technology, is planning to list its shares on the Hong Kong Stock Exchange to enhance its international strategy and brand image, while also aiming to increase its overseas revenue share, which is currently low at 6.4% as of mid-2025 [2][5][8]. Group 1: Company Overview - Huichuan Technology was founded in 2003 and successfully went public on the A-share market in 2010, becoming a leading enterprise with a market capitalization exceeding 200 billion yuan [2][5]. - The company focuses on automation, digitalization, and intelligence in the industrial sector, with four main business areas: general automation, new energy vehicles, smart elevators, and rail transit [5]. Group 2: Recent Developments - On January 20, 2025, Huichuan Technology announced its plans for an overseas share issuance (H-shares) and listing on the Hong Kong Stock Exchange, aiming to deepen its international strategy and enhance its global competitiveness [5][6]. - Prior to this IPO plan, Huichuan Technology successfully spun off its subsidiary, United Power, which was listed on the A-share market in September 2025 [5][6]. Group 3: Financial Performance - The company has shown steady revenue growth, with revenues of approximately 230.08 billion yuan, 304.2 billion yuan, and 370.41 billion yuan for the years 2022, 2023, and 2024 respectively, and net profits of around 43.2 billion yuan, 47.42 billion yuan, and 42.85 billion yuan for the same years [7]. - For the first three quarters of 2025, Huichuan Technology reported revenues of about 316.63 billion yuan, a year-on-year increase of 24.67%, and net profits of approximately 42.54 billion yuan, up 26.84% year-on-year [7]. Group 4: International Strategy - The company recognizes the need to increase its overseas revenue, which accounted for only about 6.43% of total revenue as of mid-2025, with overseas revenue around 13.19 billion yuan out of a total of 205.09 billion yuan [8]. - Huichuan Technology aims to enhance its international presence by focusing on brand building, establishing international platforms for sales, R&D, and supply chain, and leveraging customized solutions for multinational clients [8].